Tag:
Modifications
Latest Headlines
Latest Headlines
Banks embrace short sales over foreclosures
Short sales are difficult and fraught with delays. From the mortgage holder end, they are often maddening. But they are becoming more popular, and banks are taking steps to institutionalize the process a bit, making them much easier to effect.
Bank of America to offer rental option to troubled mortgage holders
Bank of America has launched a pilot program with an interesting new approach to aiding troubled mortgage holders.
Bank of America agrees to more principal reductions
Bank of America may finally be close to putting the foreclosure fiasco behind it.
New Bank of America whistleblower
Whistleblowing seems to be in vogue at big banks. And why not? For better or worse, the incentives have been boosted to stratospheric levels.
Feds, states fracture in settlement talks, no federal penalties
We noted recently that a rift seems to have developed between state attorneys general on one hand and the federal regulators on the other, as they go about negotiating a settlement with banks and
State attorneys general take their time solving foreclosure fiasco
Most people hoping for a quick end to the foreclosure fiasco pinned their hopes to the 50 state attorneys general. The thought was that they would recognize the debilitating stalemate at work and
Can HAMP solve the foreclosure fiasco?
One solution to the foreclosure fiasco is to somehow convert more foreclosure cases to modification cases. That begs the question: how can the system do that most efficiently? There are various
